Drug companies are companies that develop, manufacture, and market pharmaceutical drugs.
The major drug companies are more speculative than most investors realize. They need a continuing flow of successful new products to maintain their earnings. They face increasing litigation and aggressive competition from generics as drugs come off patent. Unlike tech stocks, they have formidable regulatory burdens, and unlike other manufacturing stocks such as, say, auto companies, they do not benefit from customer loyalty.
The general view on these stocks seems to be that they are can’t-miss investments because the baby boomers are reaching an age when they will need drugs for a number of medical conditions, and are willing to pay for them.
Drug companies need to spend heavily to create new drugs, and spend even more to gain regulatory approval. Even then, they only get to profit for a limited time before patents run out and generic products appear. Then too, their research spending may lead to dead ends, rather than new drugs that fill a need and can overcome the regulatory hurdles.
If you want to invest in drug companies, we think you should focus on those that have high cash holdings and a number of drugs in the pipeline. And all the better if they have access to fast-growing markets, like China, India and Latin America.
Drug companies may have a place in your portfolio, and at TSI Network, we recommend using our three-part Successful Investor philosophy to decide how:
Discover how most investors who successfully build wealth over the long term follow certain investing practices. Find out what they are in our FREE investing guide, The 10 Best Practices of Successful Investors.
LEE ENTERPRISES INC., $2.61, symbol LEE on New York, owns daily newspapers, digital products and nearly 300 weekly and specialty publications serving 49 markets in 21 states. The company’s newspapers have a combined average daily circulation of 700,000 and 1.1 million on Sunday. In print… Read More
Back in 2014, we looked at Tweed Marijuana Inc. (now called Canopy Growth). Read what we had to say about the company in its first year.
The growing trend toward marijuana legalization has spurred a great deal of investor interest, including a recent question from a member… Read More
Investors looking for Canadian cannabis stocks to buy need to recognize these key risks
With the upcoming legalization of marijuana, and the resulting increase in marijuana production, there will be an even bigger increase in investor interest in Canadian cannabis stocks.
Is it a good idea to… Read More
Most marijuana stocks are very speculative, so invest in marijuana stocks at your own risk.
There are a few things to be aware of if you want to invest in marijuana stocks.
Medical marijuana producers offer some speculative appeal. However, legal marijuana production is a wide open… Read More
Now that the Canadian Senate has passed the bill for the legalization of recreational marijuana, the way is open for a fully legal cannabis market, starting October 17, 2018. That heightens the already-fervent interest in marijuana stocks.
Overall demand for marijuana will continue to expand. But… Read More
High costs, strong competition, and a lack of brand loyalty make pharmaceutical penny stocks very speculative investments, even if the company has a drug that’s reached commercialization
Major pharmaceutical companies are a more-speculative investment than most investors realize. They need a continuing flow of successful new… Read More
USG CORPORATION, $41.75, symbol USG on New York, manufactures gypsum wallboard (drywall), wallboard finishing materials, tile backers and underlayment, and ceiling tiles.
Germany’s Knauf Group holds a 10.5% stake in USG and is its second-largest shareholder behind Berkshire Hathaway Inc. (symbols BRK.A and BRK.B on New… Read More
Dear Inner Circle member,
Now it’s “official”—the stock market has fallen by 10% from its peak, which means it has entered a correction phase. We’ll say more about that as needed.
For this week, we’ve prepared a special report on the spinoff of Fortive from its former… Read More
With the full legalisation of marijuana in Canada due to arrive in July 2018, investors have shown increasing interest in the companies that may profit from marijuana production. This ETF has designed its own Medical Marijuana index to track these stocks.
While many investors seek… Read More
A: The Horizons Marijuana Life Sciences Index ETF, $8.50, symbol HMMJ on Toronto (Units outstanding: 13.7 million; Market cap: $116.5 million; www.horizonsetfs.com), holds the stocks in Horizon’s North American Medical Marijuana Index. Horizon designed the index to provide exposure to the performance of a group… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
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